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Feb 6, 2013 12:00pm EST
started positively because we took actions on the fiscal cliff and debt ceiling. we only took temporary action, not like these two problems are going away and will hit us in the spring and the market seems to be oblivious here. >> you're looking for the s&p to drop 200 points in the first half of the year. >> i'm still doing that. the market started with people complacent and now almost euphoric. everybody you have on the program thinks the market is going higher. the market, when it has a good january has a great year. a general feeling of counterfeit and we hacounterfeit -- of comfort and we have a lot of hurdles to get over. a 2% pay cut and taxes going up on upper brackets. there are other taxes put in place and the debt ceiling will be dealt with. that will be a big battle between entitlement cuts and raising the debt ceiling. i think all these issues will bear on the market when people are very enthusiastic about it. i think this market is vulnerable. >> interesting to date, with all the noise in the market, stocks have been able to put on pretty good ear plugs. >> that's often th
Feb 5, 2013 6:00am EST
merit. president obama has signed a debt ceiling suspension into law. the measure allows the government to keep borrowing to pay its bills. it puts off the next congressional battle over the debt ceiling until may. boeing is asking the faa for permission to resume test flights of its grounded 787 jet. it wants to test the batteries and other components in flight since certain conditions can't be simulated on the ground. the faa is evaluating boeing's request. >>> in wall street 2013 rally interrupted with a major averages suffering their worst one-day loss in a year on monday's trading. the last hour we spoke to goldman's jim o'neil about the prospects of making money in this market. >> i think to sell if you're a medium term player is probably not a smart move. but if you've made all the gains, to take some off the table isn't a crazy idea either. >> joining us now is nouriel roubini, chairman and co-founder of roubini global economics. you're not like a market master, maybe like a market jedi. plus andrew still here from fortune magazine. the one and only. we haven't seen you in a lon
Feb 8, 2013 3:00pm EST
. >> nobody is worried about this upcoming debate on sequestration, on the debt ceiling. you think that creates noise and disruption. >> i do, maria. i think that you've got a trifecta coming off, you've got the skywest raise and the debt ceiling and the eurozone so there's still a lot of volatility out there, so that's have we're cautiously optimistic. you need to be properly allocated in order to reap the rewards of the greatest capital machine in the world which is our united states stock market. >> thanks, everybody. appreciate your time. >> we'll see you soon in the final stretch of trading. we've got a market that's higher on the dow jones industrial average. >> remember, the dow needs to be up 66 points or there abouts to be positive. don't look now but suddenly apple is up past $475 a share and it's all because big investors have a beef with the board. we'll talk to one major investor who is on apple's side in this battle. >> look outside new york city and our cnbc headquarters. it is bad and it's getting worse. the big worry now, power outages. believe it or not, there we
Feb 5, 2013 7:00pm EST
something on sequester or the sky will fall. we have to do something on the debt ceiling or the sky will fall. we have to do something on the continuing resolution or government will shut down and the sky will fall. where do you draw the line? we have a $16 trillion debt in this country. we've got to take a stand. >> howard dean, let me go to you on this because actually you're a tight fisted guy. if i understand it, you want the sequester to go nthrough. $85 billion this year. a little less than 2.5% of the $3.8 trillion budget. if you take out entitlements, then it becomes about a 6%, 7% or 8% cut. what's wrong with that? we're in trouble. doct why can't we do it? >> the sky will fall if you don't deal with the debt ceiling. but i think unfortunately, this is the price that we pay in the fiscal cliff deal. the democrats paid. i said at the time that i thought it was a short term victory for the democrats, but a long term victory for the republicans because we gave away our leverage on tax increases. so, sure, i have no objection to giving away the carried interest on some of the p
Search Results 0 to 3 of about 4